Sensai “High End Data Science at Radical Price Point”

Publicly launching today is Sensai, a new data science platform “for the unstructured world”. Providing services for multiple industries, already within its ‘stealth mode’, Sensai has attracted interest from the financial firms such as UBS and WorldQuant that had been early users of their product.

As ‘Big Data Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Read this Term’ has expanded to become an essential component in the financial field to monitor risk, perform real time asset valuations, and forecast the market, data science demands have moved from handling structured to unstructured data. With structured data, software is built to run queries based using tabular formed data. The advantage of structured data is that new information can be quickly indexed to analyze and perform historical reports and future forecasts. However, calculations are limited to the specific data types.

With unstructured data science, analysts integrate information that is difficult to index into structured datasets. Examples are regulatory filings, news reports, and social buzz, which could include the emergence or increased frequency of specific words that indicate a potentially impactful event coming to the financial markets.

Sensai aims to be “Palantir for everyone else, a high-end data science platform delivered at a radical price point.”

Providing a solution, Sensai provides tools for data science teams to perform their own analysis of unstructured data, thus automating analysis functions that are very often conducted manually. By targeting the financial industry, Sensai becomes one of many startups and multi-billion firms competing in the big data market.

Aiming to distinguish itself, Sensai is pricing its solution at a level that will make their product appealing to a wider audience than existing services in the financial market. Explained to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates by a Sensai representative, the firm aims to be “Palantir for everyone else, a high-end data science platform delivered at a radical price point.”

Sensai’s launch occurs as the firm graduated from the Data Elite incubator as well as raising $900,000 in seed funding from investors including Andreessen Horowitz, Formation8, and ValueStream Labs.

In their public statement about the launch today, Jonas Lamis, CEO and co­founder of Sensai said “The world’s largest businesses have been forced to make decisions without the insights they need from unstructured data that has been available to them for years. With the launch of Sensai, we’re putting the most advanced tools for analysis of unstructured data in the hands of data science teams. Our customers now have the ability to stay ahead of their market and make better decisions without investing in massive initiatives that rely upon slow, costly and custom­built processes.”